The Business Basics of Running Your Child Care Center
This seven-week course is designed to be a hands-on workshop assisting both owners and staff of Child Care Centers improve and strengthen their business practices to both better serve their customers and enhance their business sustainability with increased revenues and develop business acumen. This course is designed for those with or without prior business training, all levels of development are welcome! In addition to weekly class meetings, participants are also invited to meet online one-on-one with an SBDC business consultant during and after the course for specific and continued training and support.
Child Care providers can earn professional development hours through the Professional Development Information System (PDIS) by attending all training sessions. Please note that if you miss a weekly session, you can make it up by scheduling a one-on-one consultation with the course instructor(s).
Week 1 | March 2, 2022
In this introductory session we will meet to familiarize everyone with the course objectives and content, conduct an “intake survey” to learn about each participant’s business challenges and objectives for taking the course as well as introductions of your instructor(s) and fellow classmates.
Week 2 | March 9, 2022
This session is focused on entrepreneurial mindset. We will uncover common industry mindsets and how they could be posing challenges in your business. We will learn about the process of overcoming limiting mindsets and how that process translates into positive business action. We will also level set as to where you are and where you want/need to go.
Week 3 | March 16, 2022
This week’s session is focused on market research and pricing. We’ll compare and contrast industry standards as well as market rate studies and challenge you to think about your own business’s pricing. Should you make a change? We’ll talk through the pro’s and con’s and what that could look like for your business. We also need to talk about how to communicate price changes to parents, grandfathering people in if that is what the program wants to do. This session would also talk about what types of software people are using to track parent accounts.
Week 4 | March 23, 2022
This session is focused on business revenues and expenses, the financials of your business. We’ll cover systems for tracking finances and a tool to help you account for Child Care expenses specifically. We’ll also talk about the importance of grants, open opportunities for funding, and other ways you can take full advantage of your revenue.
Week 5 | March 30, 2022
This session is focused on taxes, business structure, and business liability insurance. We’ll break down the various requirements at the state and county level to assess what makes the most sense for your business. These topics can feel very overwhelming, but we have tools to help and experts to assist!
Week 6 | April 6, 2022
This session is focused on marketing and licensing. We’ll go over considerations to keep in mind when promoting your business and industry best practices. We’ll also hear directly from the Office of Early Childhood with open opportunities for questions around the licensing aspects of your business and industry.
Week 7 | April 13, 2022
We will have each participant share a short presentation of their business planning overview to discuss next steps of development and execution. We will celebrate your accomplishment, discuss next steps through working with the Denver Metro SBDC & Denver Metro Chamber, continued education and resources available to you, and how you can receive your PDIS credit for the course.
Cost: Training and consultation are available at no cost at the Denver Metro SBDC located at 1445 Market Street, Denver, 80202 through our partnership between the Office of Early Childhood (OEC) and the Office of Economic Development and International Trade (OEDIT) who have assisted in offering this complimentary course to you.
Cancellation Policy: Workshop and event fees will only be refunded if a cancellation is made at least 24 hours in advance. In respect of the speakers' and other attendees' time, please e-mail us at least 24 hours in advance should you need to cancel your registration.
Fee: No Cost